PCL 6.67% 1.4¢ pancontinental energy nl

something is up, page-26

  1. 1,903 Posts.
    lightbulb Created with Sketch. 360
    yeah tend to agree with you here...
    the most recent ann stated the primary and main secondary targets were not yet drilled.

    On their pres they indicated primary to be 1800-2200, so I take that as they were correct, in that the primary was about 2000m where they decided to case again.

    My suspicion is that drilling has commenced and the primary has been drilled through....with no oil to be seen, hence the slight sell off today.

    the deeper we go, the more chance of no oil, it could continue to slide unless a TH is called for

    but in saying that....with barely a movement in Origin and Tullow/Apache....i continue to wonder, its all a guess really

 
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